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Thursday, June 30, 2022
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Central Bank

Dollar exchange rate down following Central Bank’s intervention announcement

The selling price of the dollar at the country’s banks on Thursday fell ₡4 from ₡598.49 to ₡594.47. The average purchase price closed at ₡581.71.

Dollar exchange rate reaches highest price in seven years

President Luis Guillermo Solís on Thursday ruled out meeting with Central Bank officials to intervene in their dollar exchange rate policies.

Dollar exchange rate maintains slight upward trend this year

An increase in transactions from businesses that exchange dollar investments into colones to pay taxes drove fluctuations in dollar prices in the past four months.

Costa Rica moves to free-floating currency

Costa Rica announced that it would remove the country’s nine-year-old currency band system in favor of a floating exchange against the U.S. dollar, according to a statement from the Central Bank Saturday.

‘Casi Invisibles’ celebrates diversity among Costa Rican artists

If you’re going to dedicate a year to a single exhibit, it better be good. The Central Bank Museums have taken a considerable risk with their latest exposition, “Casi Invisibles” (“Almost Invisible”), partly because of its academic style, and partly because the show runs until September 2015. That’s a long time to dedicate one of the most hallowed art spaces in San José, not to mention one of the biggest magnets for foreign tourists.

Recent exchange rate stability offers relief to businesses

The Central Bank’s efforts to quell volatility in the Costa Rican currency seem to be working. But analysts note that there are bigger problems on the horizon for businesses.

Nicaragua’s Ortega sacks Central Bank president

Nicaraguan Central Bank President Alberto Guevara was fired Monday for reasons that haven't yet been made public, an official source said.

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